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Is inflation in Ghana a monetary phenomenon?
Addo, Grace Naa Kalei
ABSTRACT Inflation is a problematic macroeconomic factor that affects most economies, in-cluding Ghana. Inconsistent policies have made it difficult for policymakers to achieve target inflation rates, leading to negative impacts on living standards. Infla-tion is a key indicator of a country's economic performance, and Ghana has been severely impacted by excessive inflation. The aim of the research was to develop more accurate models for predicting inflation in Ghana by assessing various econ-ometric techniques and identifying key macroeconomic signs. Multiple Regression Analysis and Walk-through analysis were applied to secondary data obtained from Ghana to make inflation predictions. The findings revealed an inverse relationship between GDP growth and inflation over the long term, but a direct relationship in the short term. Government expenditure had a negative influence on inflation in the short term but a positive impact over the long term. Neither broad money growth nor real effective exchange rate had a significant impact on inflation. The study also revealed a substantial upward trend in broad money and significant influencing fac-tors in the BOG policy rate, inflation rate, and GDP growth rate. The real effective exchange rate and government expenditure had no significant influencing factors.
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Compraration of Czech and EU labour markets with respect to untypical development in 2005 - 2010
Vykydalová, Hana ; Pfeifer, Lukáš (advisor) ; Kotýnková, Magdalena (referee)
This bachelor thesis engages in the labour market of the Czech Republic, its institutional structure and labour market development which is compared with four countries of European Union. Theoretical part is focused on market labour equilibrium, which is influenced by economic cycles. The subsequent comparison of GDP growth rate and unemployment rate proves the effect of Okun's law. General development of whole European Union is described in the next step. I have chosen four countries against its GDP growth rate and unemployment rate, in which I describe law settings of their labour markets. Institutional settings have great importance on the market flexibility. Differentiation of Czech regions and industry sectors is discussed in the final part of this thesis.
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Austria: economic development and integration within the EU
Valová, Markéta ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
This thesis characterizes the basic macroeconomic indicators of the economy of Austria and its economic development. Generaly I outlined the strengths of the Austrian economy, including the consequences of massive financial crisis. In the introduction I described the general characteristic and economy of Austria and all nine Federal Republics. I defined time periods the economy of Austria, which I generally characterized, with emphasis on the forecast of economic development in 2009 and 2010. The thesis also describes the preparation of Austria to join the European Union with a focus on economic co-operation of Austria and the European Community before its entry into the EU. Also, I attend to the economic development of Austria joining the EU. I deal with foreign trade of Austria with an emphasis on the commodity and territorial structure of exports and imports and the financial sector. The thesis also solves the questions of mutual cooperation of Austria and the Czech Republic.
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